Units Sold: In 2018 a total of 1,144 were sold, only 11 more or 1% increase when compared to 2017 with 1,133 sold. Since 2013, number properties sold have fluctuated, with a large 28% increase in 2017. Future # sales are expected to increase due to new home developments being added to inventories.

NOTE: Number sold in 2017 and 2018 exceeded previous peak year 2005 with 920 sold. Recovery from housing recession began showing progressive increases in 2012.

Average Days on Market (DOM): Mid-2018 analyses show single family homes selling 16.3% (20 days) faster than the 2017 benchmark. This trend of homes selling more quickly is expected to continue with homes selling (on average) in four months or less.

Average Sold Price: In 2018 average sold price was $503,904, just over $32K more or 7% increase when compared to 2017. Due to strong demand, believe future prices will show stable increases primarily due to low inventory, strong demand, and comfortable mortgage rates.

NOTE: With stable price increases continuing, average prices are expected to exceed the peak year 2007 at $556,605 {2018 average $503,904, $52,701 or 9% below 2007} in 2 years at the earliest, but certainly within next 3 years – at which time hopefully Coastal DE SF homes sales can be declared completely recovered from the 2006 thru 2012 housing recession!

Inventory: There is a scant supply of homes for sale. Inventories overall are very low – just over half year’s inventory in nearly all price ranges.

— Multi-Year Trends —

Since 2010, our market has shown increases, some significant, in the number of Single Family properties sold. The great news is the number of sales in 2015 (1,943), 2016 (1,995) and 2017 (2,371) exceeded the 2005 number (1,897) - the market's previous peek year. We believe, in the foreseeable future, Single Family properties will continue to show growth sustaining a very healthy coastal Delaware real estate market.

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors.